|Total Value Locked||24H|
|in ETH||57.7K ETH||-1.1%|
|in BTC||3.7K BTC||-4.3%|
|ETH Locked||27.05K ETH||-22 ETH|
|% Supply Locked||0.02%|
Loopring is an Ethereum zkRollup protocol: a layer-2 (L2) scaling solution. Loopring's L2 increases transaction throughput and decreases cost, while maintaining complete Ethereum security guarantees. Loopring's zkRollup supports token transfers, orderbook exchanges, and AMM (automated market maker) exchanges. In addition to the open source Loopring Protocol, Loopring also builds products atop, namely the Loopring Exchange - an orderbook and AMM DEX, and Loopring Wallet - a mobile smart contract wallet. From the perspective of users, Loopring allows instant and gas-free transfers, trades, and liquidity provision. Loopring users deposit their assets on-chain into a zkRollup smart contract, which are then represented in an off-chain data structure called a Merkle tree. Transactions then occur off-chain, and changes to the state of the Merkle tree (user transfers, trades, etc.,) are aggregated by relayers, and compressed with a cryptographic proof (zkSNARK) attesting to its validity. Because of these validity proofs and transaction data stored on-chain, users are always able to withdraw their assets from Loopring L2 to Ethereum L1. Loopring's protocol token, LRC, is used in liquidity pools, an insurance fund, and governance of the protocol. Loopring released their first zkRollup (v3) in December 2019, and their new version (v3.6) in December 2020. Loopring’s latest audit was conducted by Least Authority in November 2020.
On desktop, users can access Loopring Exchange. On mobile, the Loopring Wallet app can be downloaded. In both cases, once you deposit assets from Ethereum (L1), the full functionality of Loopring L2 is accessible: instant, gas-free transfers, trades and liquidity provision.
There’s a new automated market maker (AMM) on the block, and it has the infrastructure to shake things up in DeFi. The protocol’s tech, which allows the decentralized exchange to feast on the liquidity of other exchanges, is uniquely advantageous for liquidity providers (LPs), so now the race is on to see how many users …
The Founder Fireside Chat series hosted by DeFi Pulse interviews DeFi founders in the hopes of offering readers an opportunity to better understand their perspective and what drives them to build their vision. Another week, another intriguing chat to share with you all. For this week’s Founder Fireside Chat, we spoke with Ross Middleton, Co-Founder …
Did you know that the combination of how the Earth’s gravity warps spacetime and the speed at which a satellite travels effectively allows satellites to time travel into the future nanoseconds at time? If you wanted to time travel, theoretically you’d need two things: a massive black hole and and an incredibly fast spacecraft. Many …
This AMA session with Slingshot CEO Clinton Bembry Jr. occurred on May 7th, 2021. The following is a transcription of the live from DeFi Pulse’s AMA Discord channel. To participate in future AMAs, please join our Discord and follow us on Twitter. Chaz Schmidt: Hello and welcome @everyone! Thank you for joining us today for …